Scarborough Advisors LLC Purchases New Holdings in Realty Income Co. (NYSE:O)

Scarborough Advisors LLC purchased a new stake in Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 687 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American National Bank purchased a new position in Realty Income in the 4th quarter valued at about $25,000. Baystate Wealth Management LLC lifted its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. CVA Family Office LLC purchased a new position in Realty Income in the 4th quarter worth approximately $29,000. Operose Advisors LLC purchased a new position in Realty Income in the 3rd quarter worth approximately $30,000. Finally, Private Wealth Management Group LLC purchased a new position in Realty Income in the 4th quarter worth approximately $32,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.1 %

Realty Income stock opened at $53.10 on Wednesday. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a 50 day moving average price of $53.46 and a 200 day moving average price of $54.21. The company has a market capitalization of $46.24 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.94.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Research analysts expect that Realty Income Co. will post 4.18 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $0.263 dividend. This represents a yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on O. Stifel Nicolaus decreased their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. UBS Group decreased their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. KeyCorp began coverage on shares of Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Scotiabank raised their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Finally, Mizuho raised their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.35.

Realty Income Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.